Language and Region
Currency

This feature is unavailable at the moment.

We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.

Please check back in a few minutes. We apologize for the inconvenience.

- LoopNet Team

You must register your contact information to view secure information on this listing.

Email*

Please enter a valid email address.

Note: To send this property to multiple individuals, insert a semi-colon between each recipient's email address.

Send me a copy

941 characters remaining

LoopNet has taken a strong stance against the practice of sending unsolicited commercial emails, also known as "spam." Please send these emails only to people you know who would be interested in this property. If someone asks you not to send these emails to them, please comply.

thank you

Your email has been sent!

Nicholas Pine Center 227 SW 3rd Ave

6,000 SF Vacant Industrial Building Cape Coral, FL 33991 $1,350,000 ($225/SF) 7.56% Cap Rate

.mosaic-column{display:inline-block!important;height:100%!important;width:auto!important}.mosaic-tile i{display:none!important}.mosaic-tile img{height:100%!important;width:auto!important}

Investment Highlights

New Roof 2023,

Executive Summary

Owner is occupying two of units Rents are currently low due to relationship with tenant, large fenced yard

227-sw-3rd-ave-cape-coral-fl-20240209083236==

Financial Summary (Pro forma - 2024)	Annual	Annual Per SF
Gross Rental Income	$96,000	$16.00
Other Income	-	-
Vacancy Loss	-	-
Effective Gross Income	$96,000	$16.00
Net Operating Income	-	-

Financial Summary (Pro forma - 2024)

Gross Rental Income
Annual	$96,000
Annual Per SF	$16.00

Other Income
Annual	-
Annual Per SF	-

Vacancy Loss
Annual	-
Annual Per SF	-

Effective Gross Income
Annual	$96,000
Annual Per SF	$16.00

Net Operating Income
Annual	-
Annual Per SF	-

Property Facts

Price	$1,350,000	Lot Size	2.00 AC
Price Per SF	$225	Rentable Building Area	6,000 SF
Sale Type	Investment or Owner User	No. Stories	1
Cap Rate	7.56%	Year Built/Renovated	2008/2022
Sale Conditions	Sale Leaseback	Parking Ratio	1.67/1,000 SF
Property Type	Industrial	Clear Ceiling Height	21 FT
Property Subtype	Warehouse Flex Light Manufacturing Industrial Manufacturing Industrial Service	No. Drive In / Grade-Level Doors	4
Building Class	B

Price	$1,350,000
Price Per SF	$225
Sale Type	Investment or Owner User
Cap Rate	7.56%
Sale Conditions	Sale Leaseback
Property Type	Industrial
Property Subtype	Warehouse Flex Light Manufacturing Industrial Manufacturing Industrial Service
Building Class	B
Lot Size	2.00 AC
Rentable Building Area	6,000 SF
No. Stories	1
Year Built/Renovated	2008/2022
Parking Ratio	1.67/1,000 SF
Clear Ceiling Height	21 FT
No. Drive In / Grade-Level Doors	4

Amenities

Fenced Lot
Wheelchair Accessible

Yard

Storage Space

Air Conditioning

MAJOR TENANTS

Construction
3,000 SF
$14.00
Modified Gross
Jul 2024

Ornamental,custom and artistic aluminum welding. Decorative railing, gates,awnings,lovers and shutters. 18 years of local fabrication making SWFL beautiful! Offering green screen trellis,dumpster Gates to ladders to bike and truck racks, this business can handle it all.

Transportation and Warehousing
3,000 SF
$14.00
Modified Gross
-

Towing services located in Cape Coral, Florida since 2011.

Tenant	Industry	SF OCCUPIED	RENT/SF	Lease Type	Lease End
	Construction	3,000 SF	$14.00	Modified Gross	Jul 2024
	Transportation and Warehousing	3,000 SF	$14.00	Modified Gross	-